The company which owns trance festival Earthcore is reportedly set to fold following ongoing controversy over accusations that artists were not paid for this year’s festival.
As Herald Sun reports, the company, owned by festival director Spiro Boursinos, will fold with a notification of application to close Yellow Sunshine Pty Ltd submitted to the Australian Securities and Investments Commission.
Boursinos is the sole director of the company and has also allegedly been a part of a number of other companies that have been deregistered in the past including Earthcore Productions which folded in 2002. He was also a director of Good Trix Pty Ltd which was deregistered in 2008.
Multiple artists pulled out of this year’s trance festival with many citing contract or payment issues. One of the headliners Coming Soon alleged that the festival had not paid him or even booked flights to the festival. The NSW leg of the festival was cancelled but it then went ahead in Victoria.
Festival organisers then responded accusing artists of keeping their money after “refusing” to play. The festival further called out one of the headliners Coming Soon for exercising “a very well planned smear campaign”.
Despite the issues they assured, “We are now in the process of regrouping our organisation an coming out firing for our 25th anniversary show in 2018.”